Russia exports arms worth $15 billion


Russia sold a record $15.16 billion worth of weaponry in 2012 while expanding its foreign client list, RIA-Novosti reports citing the Federal Military-Technical Cooperation Service (FSMTC) reported on January 21.

«The volume of arms exports has reached $15.16 billion, according to preliminary calculations…which means that our plans have been fulfilled by 111.8 percent,» RIA-Novosti quotes the chief of the FSMTC, Alexander Fomin as saying at a government meeting on state defense contracts.
Russia reported arms sales of $13.2 billion in 2011, enough to maintain its position as the world’s second arms exporter after the United States.

Adapted from Vestnik Kavkaza

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